Topaz Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 82.12 million compared to CAD 83.43 million a year ago. Net income was CAD 10.75 million compared to CAD 19.38 million a year ago. Basic earnings per share from continuing operations was CAD 0.07 compared to CAD 0.13 a year ago. Diluted earnings per share from continuing operations was CAD 0.07 compared to CAD 0.13 a year ago.
For the nine months, revenue was CAD 240.38 million compared to CAD 266.9 million a year ago. Net income was CAD 28.01 million compared to CAD 80.26 million a year ago. Basic earnings per share from continuing operations was CAD 0.19 compared to CAD 0.57 a year ago. Diluted earnings per share from continuing operations was CAD 0.19 compared to CAD 0.56 a year ago.